Hello Traders, As I wrote at my last analyze for NIFTY50:“... Making the odds high, that a „flat-structure“ is progressing. If so to come, a first target is around the 11997 area, was wave „c“=“a“! At 11987 a 0.618 Fibonacci of the advance from 11883-12157 will be achieved. More bearish potential exists.“ This happened during the past days. NIFTY50 declined today...
Hello Traders, BYND (Beyond Meat) has been the sky-rocketing stock at the press, the „non-meat-burger“ company. It set a high at 239.71 US$ and declined to a low @ 71.30, which is just shy above the area of 68.85-68-37, my long term stated price target. The latter one is the 0.88 Fibonacci, which is well below the minimum expectation for a flat pattern. The former...
Hello Traders, on November 19, Aurora stock starts a „three-white-soldiers“-formation as did CGC the same day. This classic candle-stick pattern is bullish as I explained before. It occurs at the bottom of a multi-month decline for the stock, that retraced a 0.42 Fibonacci of the advance from 0.19 US$-12.53 US$! This decline is an a-b-c-flat correction, within...
Hello Traders, at yesterday`s session Canopy Growth (CGC) gaped to 19.30 at the opening bell and advanced for the rest of the session, making a new High on a closing basis since November 8! This gap is a „common“ gap as it often occurs at a sideways move, within a „Non-trend“ phase of the market activity. The move found resistance at a falling trend line that...
Hello Traders, Hang Seng trading sideways with little advancing prices from 24899.90 on August 15 to 27900 on November 7! the decline since is a „three-down“ and has found support at the lower boundary of the trend channel, blue. The candle-stick pattern shows a „gap-up“, what may be interpreted as „break-away-gap! The days after the first gap have been followed...
Hello Traders, while many readers ask for.....here it is.. Aurora Cannabis! Short term view: The low on November 19 @ US$ 2.14 was followed by a massive gain for the stock and achieved to 3.25 on November 21! A nearly 50% gain that could be labeled as a „five-up“! The following correction retraced a steep 0.786 Fibonacci of the advance, what is the maximum I`d...
Hello Traders, Because of heavy bronchitis, there have been no updates last week. Hopefully can go on this week with my analyzes!------------------------ Canopy Growth..... As per my last analyze, CGC has achieved the target range @ 17.74, which was the 0.5 Fibonacci of the massive upmove, as it was a 1.382 FibExtension of a corrective a-b-c move. So, this was...
Hello Traders, Because of heavy bronchitis, there have been no updates last week. Hopefully can go on this week with my analyzes!------------------------ NIFTY50 opened today`s session with a gap up (to 12137.05) and declined for the remainder of the day! This makes the odds high, that something was „done“ at today´s top! Last week's high at 12157 was the...
Hello Traders, `cause of heavy bronchitis, there have been no updates last week. Hopefully can go on this week with my analyzes! As per my last analyze (Nov. 22) the level of 26204 is still valid and it keeps the idea of an ongoing advance still alive! The marked is highly fractured, creating „Island-reversal-gaps“ to both sides. Also important to view is the...
Hello Traders, one more interesting stock should be „The Green organic dutchman“! The stock soared from an oversold 0.62 (CAD) to a stunning 1.19 level within just some hours. During this move, the stock possible hit a wave „4“ of lower degree, which could be resistance in the coming hours! Wait for a correction at the coming hours (maybe til Monday) and we could...
Hello Traders, CGC „sky-rocket“ as per the past hours of trading and jumped from an oversold 13.93 to a 21.56 in just 16 hours. At the short term, it could be possible that the stock is heavily oversold, and a correction is just around the corner. But let<´s look to the behavior of the stock after the earnings this week! On an hourly chart and as well a daily one,...
Hello Traders, as per my last analyze, Hang Seng declined with one more gap to the downside, testing the important level of 26204. Today`s close was @ 26595, intraday low @ 26306! So just ~100 points to go! A fractured market is always not a good sign for the bulls, indicating higher Vola and uncertain of traders. I could draw lots of the trendline to the chart,...
Hello Traders, not much new to add for ! Price has dropped off the rising trend channel (blue) which is a short term one and declined below to important Trendlines. The red one is the base channel and connects the high of August 27 and the low of September 19! during today`s session price drop off the channel and closed some tics below @ 11916.101 So the...
Hello Traders, CGC gaped to 16.40 on November 14 and declined the following days to 13.81. This is within my cited target range from 14.43-13.52 and fulfilled the expectation for a wave „5“ decline and target range. So it could be possible that CGC is at the forefront of an up move in the coming days and weeks, maybe it has started or it will do so pretty soon. A...
Hello Traders, Hang Seng popped from 26204, a multiple support zone to a 27093.8 level, which is shy above the 0.5 Fibonacci of the decline from 27897.9-26204. This low can be counted as a wave „2“ of lower degree and the advance since a wave „1“ that is close to being done. For this idea, the level of 26204 is to watch. A decline below this area suggests that the...
Hello Traders, gapped higher today opening to 12004.75 and make a new intraday high @ 12038.60, but failed to hold that level. So, it closed @ 11999.10 and left a „Doji“ at chart, a typical sign of uncertain! Today`s a/d-ratio was at 0.96, while the TRIN closed at low 0.172. Often such low readings for TRIN indicate a coming phase of declining price. From a...
Hello Traders, CGC gaped to the downside after earnings and make a new low @ 15.33 on a closing basis for the week. The gap-down can be classified as an „exhausting-gap“. More evidence for this idea will occur, once the gape will be closed, maybe in the coming week. Note the extraordinary volume spike after the earnings, which was the highest since multiple spikes...
Hello Traders, from the low @ 10637 on August 23, N50 advanced to a 12034 on November 8 and is in a short term correction, possibly! I have labeled the chart with the TRIN-data (which is called the „Arms-Index“) to show how N50 is moving since. The overall count seems to be valid, creating in hole three waves of „1-2“ which is at the forefront of a massive bull...